Electric scooter maker Ather Energy raised $51 million in a fresh round of funding, the startup said on Tuesday, at a time when rising pollution levels have prompted the Indian government to push for more electric vehicles on the road. Earlier this month, the government’s leading think tank proposed electrifying most motorbikes and scooters within… Continue reading Tiger Global, Sachin Bansal join $51m funding round in electric scooter maker Ather
Category: News Site
Paladin Drones picks up $1.3M to give first responders a live feed of emergencies
In emergency situations, minutes can mean the difference between life and death. Paladin Drones, a company launching out of Y Combinator, wants to use technology to minimize the amount of time between a 911 call and a response through autonomous drones. The company today announced the close of a $1.3 million seed round with participation… Continue reading Paladin Drones picks up $1.3M to give first responders a live feed of emergencies
Out of stealth, Stratio emerges with predictive AI to stop your bus from breaking down
Remember that future we were promised where our vehicle magically tells us that we’re about to break down? Or actually never does? Or that the pickup truck arrives before the driver even knows something is wrong? That future is arriving. But like many things, the practical reality is that this technology starts to arrive in… Continue reading Out of stealth, Stratio emerges with predictive AI to stop your bus from breaking down
India’s Ather Energy raises $51 million to grow its electric scooters business
There’s more money racing into India’s increasingly-competitive two-wheeler market after electric scooter maker Ather Energy said today it has raised $51 million in new funding. The round was led by early backer Sachin Bansal, the co-founder of Flipkart, who invested $32 million. The rest of the money was provided by Hero MotoCorp, which added $19 million… Continue reading India’s Ather Energy raises $51 million to grow its electric scooters business
Emperor has no clothes, Jaguar crypto press release edition
The art of presenting crypto experimentation as about-to-be rolled out initiatives has reached its zenith. Go to Source
UPDATE 1-VW plans to launch downscaled Traton IPO next week – sources
FRANKFURT (Reuters) – Volkswagen is looking to officially launch the stock market listing of its trucks unit Traton next week with a smaller deal size than originally anticipated, people close to the matter said on Tuesday. FILE PHOTO: The logo of Volkswagen’s truck unit Traton, former Volkswagen Truck & Bus AG, is pictured in Hanover,… Continue reading UPDATE 1-VW plans to launch downscaled Traton IPO next week – sources
Blindsided by FCA-Renault talks, Nissan risks being left by the roadside
TOKYO/BEIJING (Reuters) – Nissan found out about Renault’s merger talks with Fiat Chrysler just days before they became public, four sources told Reuters, stoking fears at the Japanese carmaker that a deal could further weaken its position in a 20-year alliance with Renault. FILE PHOTO: A finished Nissan Altima comes off of the flex line… Continue reading Blindsided by FCA-Renault talks, Nissan risks being left by the roadside
Beijing E-Town Capital inks JV with Nio, to invest $1.45b in new entity
China’s Nio Inc will form a joint venture with Beijing E-Town International Investment and Development Co. Ltd which will invest 10 billion yuan ($1.45 billion) in the new entity, the electric vehicle (EV) maker said in a statement on Tuesday. E-Town Capital will support a new manufacturing facility for Nio’s next-generation platform 2.0 (NP2) vehicles,… Continue reading Beijing E-Town Capital inks JV with Nio, to invest $1.45b in new entity
Israel auto safety firm TriEye raises $17 mln in Intel-led round
TEL AVIV, May 28 (Reuters) – Israeli startup TriEye, whose short-wave-infra-red sensing technology is designed to see in adverse weather and at night, said on Tuesday it raised $17 million in an early funding round led by Intel Capital. Other investors include Marius Nacht, co-founder of Check Point Software Technologies, and TriEye’s existing investor Grove… Continue reading Israel auto safety firm TriEye raises $17 mln in Intel-led round
GAC-NIO Introduces Hycan Brand And Concept Electric SUV
Hycan is one of the latest new all-electric brands in China – a joint venture between GAC and NIO The GAC-NIO New Energy Automobile Co., a new joint venture, established by two Chinese manufacturers – GAC and NIO, introduced a new all-electric car brand Hycan and shows the first concept SUV with over 600 km… Continue reading GAC-NIO Introduces Hycan Brand And Concept Electric SUV